The new Portuguese government is committed to maintaining a balanced budget and privatizing TAP

The new Portuguese government is committed to maintaining a balanced budget and privatizing TAP

Portugal's new center-right minority government said in its program on Wednesday that it will maintain a balanced budget, continue to reduce the country's public debt, and complete the long-planned privatization of airline TAP.

Sous le precédent gouvernement socialiste, le Portugal has registered a higher annual budget, which is more important than the previous 1.2% of the annual PIB, compared to a deficit of 0.3% in 2022. Socialists have a higher higher than 0.2% % this year.

The government did not immediately say whether it planned to sell all of TAP's shares or a stake in the airline.

The previous government agreed to sell at least 51% of TAP in September, but the process was blocked. Privatization has already attracted the interest of Lufthansa, Air France-KLM and IAG, owner of British Airways.

New Prime Minister Luis Montenegro told Reuters in December during the election campaign that he intended to completely privatize TAP.

Minister of Ministerial Affairs Antonio Leitao Amaro told reporters on Wednesday that the government's plan includes 60 proposals from the electoral platforms of other parties.

The program is scheduled to be discussed in Parliament later this week.

“This is a government program for change, but it is based on dialogue,” said Mr. Leitao Amaro.

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"Desbravador de cerveja apaixonado. Álcool alcoólico incurável. Geek de bacon. Viciado em web em geral."

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